Korean Job Discussion Forums

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[KimchiNinja]

You are right on dude.

People in the US are out of touch with reality, bigtime. The amount of wealth that exists there has never existed in all of human history and it is not sustainable. Yet these knuckleheads can't just enjoy and be happy while it lasts.

In fact they feel they are entitled and expect even more. They are going to have a real hard time adjusting when the party ends.

[young_clinton]

Pathetic absolutely pathetic, that they would make that much in retirement. This is another good reason not to pay taxes period. Federal or State, especially California state taxes. Of course not being in the USA you can do that legally.

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[KimchiNinja]

Exactly but they keep doing everything in their power to get tax dollars from those of us abroad. Not sure why we should pay for this crap.

Man, I need to get a better accountant.

[KimchiNinja]

[fermentation]

Reminds me of all the "professional" soldiers in my Army stint. It sucked being a conscript and being constantly bullied by and forced to work like a slave for the same assholes who live off your tax money. Then career soldiers wonder why the average Korean doesn't trust the military.

[radcon]

Don't get me started. I too am from California and I am sickened about what it has become. A few friends own small businesses in San Francisco and they are bled dry. New fees, licenses, business taxes every year.

The main duty of all police forces in the US is to hand out as many citations and fines as possible as to keep government coffers full. Its no surprise that with the economic downturn the last few years we have seen increases of these fines as traditional tax revenues have dried up.

As bad as you think the cops are, you need to read about the San Fran Fire department. Really disgusting stuff: work two days a week, huge unnecessary overtime, way too many stations for such a small city, drinking at the firehouse, way too may captains and administration types, and extremely arrogant about all this to boot.

http://sanfranciscofiredepartment.com/Report-26-ARCHIVED.htm

[Privateer]

I love how you turn what was an article with a complaint about the excessive salaries paid to top managers into an attack on public sector pensions.

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[nero]

I like this guy, a smart fella who makes his point succinctly:

"It's a simple question of marginal utility. What happens to the next dollar in the hand of the poor, the middle class or the rich? The first two will spend it. Maybe a middle class person will pay down debt--especially credit card debt, but that dollar goes right back into the economy and recirculates. The rich folks most likely will save that dollar. In the case of Mitt Romney it probably ends up in the Cayman's or Switzerland. Insofar as it's invested it creates some value but lacks the economic power of money that goes to the non-rich.

Why then give any tax cuts to the rich? No historical precedent shows that it stimulates the general economy. The point where high marginal rates restrain the economy has never been demonstrated. Au contraire, our fastest sustained economic growth during fifties and sixties was at a time of exceptionally high marginal tax rates. Rather than hand all the money to Uncle Sam the rich folks invested some of it or paid taxes. Tax revenues were sufficient to build a transportation system and fund the Cold War.

Nothing that has happened over the last 30 years refutes the correlation between high marginal rates and economic growth. Tragically in the 80's taxes on working people rose (FICA) and top brackets fell. Even worse, the federal government diverted surplus payroll taxes to (partially) offset the shortfall of income taxes. The rich folks got it. Raise taxes on the bottom (on labor) and lower taxes on capital and income.

In the end we have businesses sitting on trillions in cash, a top 0.1% continuing to hijack the productivity growth of our economy (while paying taxes at half the rate of the middle class), and the "bottom" 99% stagnating to the point that our consumption-driven economy has collapsed. Ask yourself how many yachts and summer homes the tiny population of super-rich can buy? Will that stimulate our economy? Clearly we MUST put spending power back in the pockets of the middle class and put more of them to work, not by enriching the rich but by investing in neglected projects to restore our infrastructure."

[edwardcatflap]

[Captain Corea]

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[soomin]